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The economic sentiment indicator published by the National Statistics Office dropped from 86.6 points in November to 85.0 points in December, which represents the lowest level seen since December of 2009.

In December, the Consumer Sentiment Index (CSI) published by the Bank of Korea dropped to 99 points from November's 103 points, crossing below the 100-point threshold that separates optimistic from pessimistic territory and erasing the gains from November.

According to the Central Statistical Office's Business Tendency Survey (GUS-BTS), the general business climate index fell from minus 4.2 points in November to minus 6.9 points in December, reaching the lowest level since April 2009.

In December, the Universidad Torcuato di Tella (UTDT) consumer confidence index plunged 7.3% to 52.6 points from the 56.7 points recorded in November, marking the largest monthly drop since October 2008.

The Real Sector Confidence Index published by the Central Bank dropped from 102.3 points in November to 97.2 points in December, its lowest level since December 2009 and the first time in two years in which the index has fallen below the 100-point threshold that separates optimistic from pessimistic territory.

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